USDC

Top_Performance_732

Just use USDC its not complicated

cryptohi9

There’s no truly “safe” crypto tbh, but closest would be: Stablecoins (USDC/USDT) → stay around $1 Bitcoin/Ethereum → more stable long-term vs others For apps: Coinbase is easiest to start For hardware: Ledger or Trezor are solid Just keep it simple and avoid random coins. If you want, I can show a super basic setup to start 👍

Apart_Bear_5103

USDC

Blockchainauditor

You said "long term". So BTC is currently the "safe in the long term" non-stablecoin. But if you want the ones with the least variability, one of the top stablecoins - Tether, USDC have the volume behind them.

Unhappy_Step9279

Sure, but what happened to me personally is that they only took my POL; I had USDC in that same wallet, but they didn't touch it. It's strange, but I was lucky. And since the wallet is Phantom and I absolutely need POL for GAS, I can recover it.

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Post is by: Unhappy_Step9279 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1skclp2/rescuing_stuck_funds_how_i_outsmarted_a_hackers/ **The Nightmare Start** A few days ago, I made the classic mistake: I accidentally leaked my private key in a `.env` file on a cloud server. Within seconds, a "Sweeper Bot" was attached to my wallet. If I sent 1 MATIC to pay for gas, the bot would drain it in the same block. My USDC was sitting there, reachable but "un-spendable". **The Battle** I tried everything. Manual transfers? Failed. Standard scripts? The bot was faster. I even tried private MEV relays, but network latency and DNS issues in the cloud were killing my timing. I felt the frustration of watching my money "trapped" while a hacker's script stood guard. **The Breakthrough: Multi-RPC Parallel Turbo** As a Senior Dev, I decided to stop playing by the hacker's rules. I built a custom Python engine designed for one thing: **Speed and Redundancy.** Instead of hoping for one connection to work, my solution: * **Parallel Broadcasting:** Dispatches the rescue transaction to 5+ high-performance RPC nodes simultaneously. **The Result** Yesterday, the script fired. While the bot was busy looking at one node, my transaction was already confirmed through another. **33.83 USDC rescued.** It wasn't just about the money; it was about winning the technical fight. **Can I help you?** If you have funds stuck in a compromised wallet (Polygon, Ethereum, or BSC) and you’ve been told "it's gone," don't give up yet. I’ve refined this "Parallel Rescue" method and I’m looking to help others who are in the position I was in. **What I need from you:** * The Public Address of the hacked wallet. * The type of token stuck. * *Note: I will NEVER ask for your seed phrase. All I need is to coordinate the rescue script execution.* Drop a comment or DM me if you’re tired of the bots winning. Let’s get your funds back. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

uncapchad

When a loan is initiated, your Bitcoin is converted to a wrapped token (cbBTC) and transferred to a Morpho smart contract, while the USDC loan is instantly deposited into your Coinbase account. cbBTC is automatically converted back to Bitcoin upon repayment. It is wrapped because Morpho protocol runs on the Ethereum blockchain and you can't send Bitcoin on another blockchain, it has to wrapped. Maintaining a **Loan-to-Value (LTV) ratio below the liquidation threshold** is your area of risk. If the loan balance (including accrued interest) reaches 86% of the collateral's market value, the collateral is *automatically liquidated* to repay the loan, triggering a penalty fee from Morpho. A sharp drop in the price of Bitcoin can quickly push your LTV toward the 86% liquidation limit. Interest continues to accrue until the loan is settled, which can increase your loan balance and LTV over time.

ginete_tech

you can yeah, but p2p only works for simple swaps between two people. the moment you want limit orders, real price discovery, or any kind of active trading, you need a matching engine. and that's where the execution trust problem kicks in. p2p is great for "I want to send you 100 USDC for your ETH" but it doesn't scale to actual markets.

No-Masterpiece2246

USDC founder is Goldman alum and shady af. I'd rather take my chances with Tether than have him freeze my USDC shitcoins without warning.

Calm-Professional103

I use Vesseo Wallet, a Stellar USDC wallet with yield-earning option through Blend. Riight now my unspent spending money is earning 9.45% APY. 

kyuronite

What? You can't just paste a solana address and have it go to ethereum or bitcoin. There is a checksum that happens so it will fail as the address is not even going to process. You can technically send funds from like USDC on ETH chain to BNB as the checksum will pass there. And then funds may be lost if the exchange does NOT have the same receiving address for either chain. Then you need to get them to do a deposit review which could either range from your funds being forfeited completely to you needing to pay a fee for the recovery and a wait of weeks to months. It all depends. If you did this onto your own wallet, then you should have the private keys available and can recover it easily. However, always double check and verify the address to receive and the network. Triple check can't hurt. Crypto doesn't have much room for error, so if you make a mistake, 99% of the time, you may just end up getting fucked.

Dubb18

No. The "ban" is on passive yield. Users may have to be "active" in order to gain yield. The definition of "active" has not been publicly clarified yet as far as I know. The biggest opponent to this was Coinbase, but they already have requirements for their users to gain USDC yield. You have to have an account on Base or be a member of Coinbase Pro. This wouldn't be much of a shift for them, which is why they likely support the latest rev.

LiquidityCompass

Holding USDC for now, waiting for better liquidity conditions 😄

ForestFreund

I own shares of tokenized homes in the US real estate market and get paid rent in USDC. It runs on Algorand. Lofty.ai

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Post is by: Loffel777 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1sj3ycr/the_end_of_idle_money_in_crypto_your_stablecoins/ The quiet shift this year: you don’t have to “sit idle” in crypto anymore It feels like something subtle but important has changed this year. For a long time, holding stablecoins was basically just waiting. You’d convert fiat into something like USDC, park it, and accept that it wasn’t really working for you. It was more about optionality than productivity. But now, with the rise of yield-bearing stablecoins, that dynamic is shifting. Holding no longer means idle. You can “pause” consumption, stay liquid, and still generate returns while you wait for the right opportunity. It might not seem like a big deal at first glance, but from a capital efficiency standpoint, it’s a meaningful evolution. Instead of choosing between: staying liquid (but earning nothing), or locking capital away (for yield), we’re starting to get something in between. Yes, there’s still friction, smart contract risk, platform risk, regulatory uncertainty, but that friction is decreasing faster than most people realize. Compared to traditional bank deposits (especially long-term ones with limited flexibility), this starts to look increasingly attractive for a certain type of investor. Not saying it’s risk-free, far from it. But it does feel like the beginning of a shift where “waiting” is no longer unproductive in crypto. Curious how others are thinking about this, are yield-bearing stables becoming part of your base allocation, or still too early to trust? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

a14alo

I'm using crypto credit cards, do they count? I have a spending limit on my card based on the BTC I hold in my wallet, and I can use this credit card for all kinds of everyday expenses. When it’s time to pay my card bill, I can either instantly sell BTC or deposit USDC into my wallet and use that to pay the depth.

EarningsPal

Who put $150M USDC on that platform? Seems like another legal bribe path. That money was expected to be taken.

Podsly

Easy, If you have a USDT/USDC Pool, fees are taken in those tokens and that’s the yield.

slvbtc

Holding USDC is like holding dollars in a paypal account where paypal can freeze the account at any moment. Circle has the power to freeze any USDC coins at any moment. If Iran held USDC those coins would be frozen almost instantly by Circle. If their USDC coins can be frozen by Circle at any moment then they are still under the control of US sanctions. Bitcoin is the only logical crypto they should accept as btc wallets can not be frozen by any country or any company.

slvbtc

People are saying they want USDC or USDT payments. Why on earth would they want that when they are both American companies that have the power to freeze any coins tied to Iran at any moment. The only logical crypto to accept is bitcoin because it cant be frozen.

slvbtc

Why would Iran want USDC or USDT when they are centralised american companies that can freeze any coins linked to Iran.

EarningsPal

On Dolomite: USDC earns 9.08% APY with 4.34% of the APY is WFLI rewards For USDT at 10.42% APY with 6.76% APY coming from WFLI rewards

EarningsPal

Who put all that USDC on Dolomite? That USDC isn’t coming back for that WLFI.

GBeastETH

I don’t trust Tether at all. I’m referring to USDC by Circle.

Dealer_Vast

This is a great topic that doesn't get enough attention. A few risks I'd add to the list: **Smart contract risk** — The protocol could have exploits even if audits passed. Always check TVL history and whether the protocol has been battle-tested with real money for at least 6+ months. **Oracle risk** — Many DeFi protocols rely on price oracles that can be manipulated, especially in low-liquidity pools. This is how many flash loan attacks work. **Stablecoin depeg risk** — USDC has depegged before. If you're in a lending protocol and your collateral is a stablecoin that loses its peg, liquidations can cascade fast. **Impermanent loss on liquidity provision** — If you're LP-ing stablecoin pairs, you can still lose value if one side depegs. The "stable" in the pair name doesn't guarantee stability. For risk management, I'd suggest: never put 100% of your stablecoins in a single protocol, spread across at least 3-4, and keep an eye on your positions during high-volatility periods even if they're automated.

ninenulls

Nobody has mentioned x402, the Coinbase-sponsored initiative to get the internet ready for USDC payments over Ethereum and Solana. You've heard of the 404 error on the internet, when a web site page can't be found ?? Well, error code 402 will tell your web browser, and other apps, that a payment is required. Here's an example of what I'm talking about : [https://dailycryptobriefs.com/insights/make-money-with-x402/](https://dailycryptobriefs.com/insights/make-money-with-x402/) . The main point here is crypto will become an integral part of the internet. I don't think it will take more than 1 year for all of the software to get updated. I work with code, and I follow the news.

daanishh

Hey, according to the Noble Express website itself: Noble Express does not charge fees. Noble Express incorporates Skip Go, a third party routing services provider, which incorporates an on-chain fee. This fee is displayed in the Noble Express user interface and is a function of transaction fees (i.e., gas fees) incurred when transferring across various blockchain networks. Note that where network transaction fees cannot be covered by USDC, the user is required to hold a fee paying token in their wallet (e.g., gas fees paid in ETH for transactions on Ethereum, Arbitrum, Optimism, etc.).

CapitalIncome845

I helped a friend set up a USDC payment gateway. Consider stable coins too. People are becoming familiar with them, and there's no currency transaction risk. Lightning aside, tx costs are also much lower.

Bitman321

USDC and USDT can be frozen by the US govt.

Wise-Concentrate3288

Smart contract audits are definitely worth checking but even audited protocols get rekt sometimes 💀 I learned this hard way when I had some USDC in a "safe" yield farm that got exploited last year, lost like $800 that was supposed to be my emergency fund Also that oracle manipulation thing is real - seen so many people get liquidated when the price feeds went crazy for few minutes

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Post is by: Rahul_2503 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1sgy25z/top_crypto_credit_cards/ Top Crypto Credit Cards • ⁠Gemini Credit Card: Offers up to 4% back in crypto on specific categories like gas, dining, and groceries. "Gemini Crypto Card! 4% back on gas/EV charging, 3% dining/entertainment, 2% on groceries" • ⁠Crypto.com Visa Card: Provides up to 5% cashback in CRO, depending on the card tier and staking amount. "5% back on every purchase with my icy is too sweet." • ⁠Bybit Card: Offers up to 10% cashback in the first month, then reduces to 2%. "For me its Bybit, you get 10% cashback the first month, after thay its reduced to 2%" • ⁠Etherfi Cash: Features great cashback and the ability to stake USDC for additional yield. "I agree, been using it for a few months. Cashback is great and you can stake your USDC in a liquid vault that yields around 5-7% APR and spend with it directly." • OrbitX Pay : Rather new entrant to the space. They now have the best Web3 Payment Card - Powered by Visa with 0% Deposit Fees , Lowest Forex Fees, Visa Platinum/Signature Card , No Hidden Cost, Instant Conversion , No Limit on Spending , Refer & Earn Benefits, still no cashback, no yield though but its in pipeline as per latest AMAs They do have a nice UI, I must say. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

kawfeemeister0920

Has to begin with pretty much everyone has a cold wallet for their own savings. Pretty much everyone knows the difference between a hot and cold wallet and converting between cryptos whether it be USDC/T to BTC or DOGE for that matter is just an app away and a matter of minutes.

Savings_Refuse_5922

Stablecoins can be blacklisted by the issuers, Tether and USDC have both done it with Tether doing it quite a bit more than USDC.

tornavec

It's actually true: my clients prefer paying in USDT, but all my business payments go out strictly in USDC and only via the Ethereum blockchain. Good thing my gateway, Cryptomus, converts stablecoins without fees and covers the gas costs

Savings_Refuse_5922

You don't really, maybe tag the wallets and coins like they do already. But there's no locking out funds like Tether and USDC are capable of.

blckwd1

Have you tried paying with a self-custody USDC card like Ready? Not as good as paying direct with USDC via QR or something, but you don’t need adoption of a separate point of sale system to spend USDC.

coinfeeds-bot

tldr; Polymarket announced a major platform upgrade, replacing bridged USDC.e on Polygon with Polymarket USD, a new collateral token backed 1:1 by native USDC via its Circle partnership. The rollout also includes CTF Exchange V2, with lower gas costs, faster matching, smart contract wallet support, and updated developer tools. The move reduces bridge risk, gives Polymarket more control over settlement and liquidity, and will roll out over two to three weeks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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Post is by: Odd_Willingness5510 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1sg2y01/most_crosschain_strategies_fail_to_account_for/ # The Data (Net of all fees): • RocketX: 9,990.79 USDC Received • Houdini Swap: 9,869.37 USDC Received • Outcome: Using the RocketX aggregator yielded an extra $121.42. # Strategic Advantages Found: • Execution Speed: RocketX (2-5 mins) vs. Houdini (30 mins). Speed is a strategy in itself when you need to enter a position quickly. • Liquidity Depth: RocketX pulls from 450+ sources including CEX partners, which helps maintain tighter spreads for trades over $5k. • Security: MEV-aware routing protects against sandwich attacks that often drain 1-2% of value on standard bridges. # Risks to Consider (DYOR): • RocketX is non-custodial and audited (Zokyo), but some high-liquidity routes involve brief custody via CEX partners (this is always disclosed in the UI). • The team is currently undoxxed, though the protocol has 4+ years of history. # Summary: If your strategy involves moving large bags across L2s, the aggregation depth here is a measurable way to save on execution costs. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Savings-Wash-4121

USDC. Regulated and stable - no chance in getting crushed by the market haha

lotekjunky

USDC

ReadingTheSign23

Feels like a mix, but merchant onboarding is the real bottleneck right now. People will hold stablecoins if they don’t trust their local currency, that part makes sense. But if you can’t actually spend them without jumping through hoops, they just turn into a temporary parking spot. Regulation matters too, but even in places where it’s kinda gray, people still find ways to hold and trade. Getting everyday businesses to accept stablecoins is harder since they need simple tools, low fees, and zero headaches with accounting or volatility. Until paying with USDT or USDC is as easy as tapping a card, most people will keep cashing out to fiat for daily use.

coinfeeds-bot

tldr; Polymarket is rolling out a major upgrade that includes a new stablecoin, Polymarket USD, backed 1:1 by USDC and replacing USDC.e, plus a rebuilt trading engine with new order books and upgraded smart contracts. The changes aim to improve speed, reliability, and lower costs. Most users will be migrated automatically, while advanced users and bot traders must convert funds manually. Existing order books will be cleared and trading will briefly pause during scheduled maintenance. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Solana-based DeFi protocol Drift lost over $280 million in the biggest crypto hack of 2026 so far. Drift said an attacker used a “novel attack” to gain Security Council admin powers, forcing deposits and withdrawals to be suspended. Researchers said the exploit involved compromise of 2 of 5 multisig signers, likely via social engineering and pre-signed transactions. Stolen assets included stablecoins and tokenized bitcoin, with much converted to USDC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Circle, the issuer of USDC, announced cirBTC, a wrapped bitcoin token backed 1:1 by BTC and verifiable onchain. Designed for DeFi, OTC platforms, market makers, and lending protocols, cirBTC will launch first on Arc and Ethereum and integrate with Circle’s infrastructure, including Circle Mint. Circle says it aims to offer an institutional-grade bitcoin standard to compete with products like WBTC and Coinbase’s cbBTC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Drift Protocol lost $285 million in 12 minutes on April 1, 2026, after attackers manipulated a fake token, exploited governance weaknesses, and drained three Solana vaults. Investigators Elliptic and TRM Labs linked the attack to North Korea’s Lazarus Group. Afterward, about $232 million in USDC was bridged to Ethereum via Circle’s CCTP, prompting ZachXBT to criticize Circle for failing to freeze funds despite acting quickly in other cases. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; The article explains how product developers can monetize existing content or APIs with Coinbase’s x402 protocol by charging per HTTP request using USDC, especially on low-fee chains like Base. It argues the fastest path is wrapping one high-value endpoint, not rebuilding a whole product. Key focus areas are pricing, UX, payment verification, and entitlement logic. x402 enables simple pay-per-article, API call, video, or AI action flows for both humans and AI agents without traditional accounts or billing systems. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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Post is by: rudyNO1 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1sea2ng/compared_a_few_crosschain_swap_tools_today_the/ Was testing a few cross-chain routes today and decided to actually compare outputs instead of just using whatever shows up first. Tried RocketX Exchange vs Houdini Swap on the same route: **10,000 USDC (Base → OP)** * RocketX: \~9,990 returned * Houdini: \~9,869 returned Didn’t expect that big of a gap honestly. Then checked speed with **USDT → TRX**: * RocketX routed in a few minutes * Other routes I’ve used before can take much longer (sometimes \~30 mins) Also noticed differences in limits — RocketX seems to handle much larger swaps compared to others. Not trying to hype anything, just sharing what I saw while testing. Curious what others here are using for cross-chain swaps lately? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

bert00712

As a warning, for some reasons Robinhood restricted me from sending USDC and EURC. 

Bert_Man_520

It’s a currency spread. I do round ups on Cashapp and it’s usually 500$ above what the actual price is. It’s how companies make their egg. It’s annoying AF. If anyone knows a place to swap USDC or Usdt to BTC lmk because Robinhood allows you to swap Fiat for USDC with zero fees and the only fee is a small transfer fee to a non custodial wallet

No-Masterpiece2246

Which is... what stablecoins were made for! USDT: Originally created to pump BTC price by printing "dollars" out of thin air. USDC: Goldman Sachs founder got USG permission to print money when no one else could

Dubb18

I've heard there's supposed to be discussion over the coming days/weeks about the details. The biggest opponent is Coinbase who already requires users to either be subscribed to their pay platform Coinbase One or have USDC on their DeFi platform (Base) in order to be eligible for USDC stablecoin rewards. In both cases, the yield is on par with traditional investment platforms. The yield is 3.50% for Coinbase One while for Vanguard I can get 3.3%. For Vanguard, I can have my investment insured while I don't think that's the case for Coinbase. I believe that Coinbase would eventually change the requirements for their DeFi platform anyway as they are currently just trying to build it up to lure interest. Both Coinbase cases could already be steps towards being considered "active". We'll see.

Calm-Professional103

I use Beans app on Stellar to earn yield on USDC and invest the yield weekly into yBTC, a yield-earning BTC proxy on Stellar.  Trading between the two is fast and cheap. 

RollingMeteors

>into a tollbooth that explicitly refuses USD but happily takes stablecoins like USDT and USDC Thank god. Waiting for USD to crash so I can finally buy property and build a stream warehouse on it.

SirArthurPT

nope. USDT and USDC can be remotely locked by Tether or Circle. So not a good option at all.

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Post is by: LongRefrigerator424 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1scvsjs/flash_sale_70_off_real_crypto_security_tools_vs/ **URGENT: April 2026 Market Alert** **What's happening RIGHT NOW:** • 500+ meme coins launching DAILY • 3M stolen from rug pulls this month • Celebrity deepfake scams at all-time high • Altcoin season in full swing (post-Bitcoin halving) **The Problem:** Presale scam bots charging ,800+ and then disappearing with your money. **The Solution:** ✅ **WORKING crypto security tools** ✅ **.99 first month** (70% OFF regular 9) ✅ **Real-time whale alerts** (5min edge) ✅ **Meme coin launch detection** ✅ **Advanced rug pull protection** ✅ **Drift-style hack prevention** **⏰ FLASH SALE ENDS APRIL 7TH** **Why this matters:** While others pay ,800 for promises, you get working tools for .99. That 5-minute edge on whale movements can be worth thousands on meme coins. **Instant activation:** 1. Send .99 USDC to payment wallet 2. Start @SolGuard_Bot on Telegram 3. Verify payment = instant premium access **Full details:** https://task97-flash-sale.surge.sh *Don't be exit liquidity. Get the edge that keeps you safe AND profitable.* --- *Disclaimer: Not financial advice. DYOR. Tools for educational/research purposes.* *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Aggressive_Lie_4446

Trading in USDT and USDC which are backed by US Treasuries is not inflicting any punishment on the US.

Aggressive_Lie_4446

Then you have no idea how USDT especially works. USDT is not only trackable, Tether can easily blacklist your coins. USDT and USDC are NOT decentralized coins and have never claimed to be . Tether claims that USDT is backed by US Treasuries. Essentially it is a digital form of the dollar and Tether at the request of law enforcement can freeze and blacklist your address ,meaning the funds are either unmovable or lost forever. USDC also has a "kill switch" though Circle often waits until it gets a court order to freeze an individual's address.

alxkwl

No, i havent. I can either pay back the USDC or let them keep the equivalent in my supplied collateral at whatever the market rate of eth is at the time. I figure I'll just settle it once ETH is at $3500+ and get a substantial discount on the amount borrowed.

alxkwl

Worth a gander. I currently have 20.25 ETH supplied at 1.64% APY borrowing $15,715 USDC at 3.55% APY. With LTV at 38% I'm netting a . 48% APY currently. I initially made this move after looking at car loans at 8% APR, or selling some of my ETH holdings. Once I realized I could keep my eth and actually earn interest, it was a no brainer lol.

KarateYoungster

I mostly need it for USDT and USDC, would a hot wallet be better for that?

Significant-Tie-924

Forget trying to time the market. I've been making way more from LP fees than from price appreciation lately. Running concentrated liquidity on HBAR/USDC — tight 3% range, actively managed. Earning $12-14/day on about $4k deployed. The key insight: volatility is your friend in LP. Every time the price bounces around inside your range, you earn fees. Sideways market = fee printer. You only lose when it breaks out of range entirely. Gas on Hedera is basically free ($0.23 for a full rebalance) so you can actively manage without gas eating your profits.

Competitive_Dance478

It is harder to trace it They can use USDT and USDC to buy into crypto then it is very hard to track where money went

Bluejumprabbit

This is the opposite of a dollar coffin story. Iran settling in stablecoins is still mostly settling in USDC or USDT, which means they're exposed to US dollar value and US issuer counterparty risk. It's sanctions evasion using dollar-denominated tokens that bypass correspondent banking, which Bessent's team is fine with. The USD doesn't need the old banking rails if USDC is the settlement layer. The signal worth watching is if these flows shift toward EURC, RLUSD, or non-USD pegged options. That's when the dollar thesis actually changes.

InvestAISavvy

He's right that USDC being backed by treasuries isn't exactly de-dollarization. But that kind of misses the point of what's actually happening here. The interesting part isn't *what* they're settling in — it's *how* they're settling. Iran is bypassing SWIFT, bypassing correspondent banking, bypassing the entire sanctions infrastructure that the US built over 20 years. And they're doing it using a dollar-denominated instrument. That's the irony — the dollar stays dominant as a unit of account, but the rails that give the US leverage over dollar flows are getting routed around. If this becomes the template for sanctioned commodity trade — stablecoins for fast settlement, no bank needed, yuan or rials as the on-ramp — then the US still has the dollar but loses the chokepoint. That's a much weirder outcome than "death of the dollar" and honestly harder to deal with from a policy perspective.

wolfehr

That’s a fair point. While DAI can exist on just crypto native collateral, it’s currently about 70% USDC and RWAs (e.g., treasuries). GHO and USDD are the other ones I can think of with a $500m+ market cap and no freeze function, but both also have USD exposure in their backing. As you mentioned, it helps reduce the ability of the US to conduct economic warfare even if it’s only making a small dent in dollar dominance.

Saffuran

I'm not as familiar with low liquidity collateralized tokens like crvUSD [there is not enough of it to transact at high scale] but DAI is directly backed by stablecoins as part of its collateral -- not entirely, but USDC e.t.c. is a large part of the mix of what the DAI derives its value from. The most important aspect of USD Stablecoins - if Iran or any other nation is transacting in them through backdoors - is that they are a way to get around US Sanctions, since they exist outside of the SWIFT banking system. Using USD Stablecoins outside of SWIFT/through sanctions doesn't directly kill the dollar, but it does suppress [to an extent] the leverage the United States tries to throw around through monetary economics globally. The dollar is hit harder when more of the oil trade begins to settle in Yuan and other currencies.

Saffuran

Yeah there are plenty for other currencies and gold. If Iran was taking USDT or USDC the article would be nonsense but it seems like they are taking digital versions of the Yuan.

Ancient-Bat1755

What does USDC even stand for anyways?

TimeTraveller2020

Sending USDC on Base for the first time. Coming from years of watching ETH transactions cost $40 in gas and take forever, seeing a transfer confirm in 2 seconds for a fraction of a cent felt almost suspicious. Had to double check it actually went through. That’s the moment I understood why L2s matter. Not from a whitepaper just from sending money and it working the way it should have always worked.

gucciman333

It’s in the code of tether and USDC that assets and wallets can be frozen. It’s happened before and it’s nothing to do with coinbase.

etan1

DAI is backed by seizable stablecoins like USDC

Bluejumprabbit

The irony of this draft is it routes yield-seeking stablecoin holders straight into DeFi. Sitting at Coinbase earns you nothing but deploying that same USDC into onchain yield positions and locking in fixed rates ahead of time is completely unaffected. The Senate just made the case for fixed-rate DeFi yield markets better than any protocol could have made it themselves. Coinbase rejecting it is partly self-interest but the argument has legs regardless.

Savings_Refuse_5922

? Tether themselves can blacklist the wallet not Coinbase. Same with USDC. Tether has been more militant with freezing funds than USDC so far.

juanddd_wingman

Thank you for the explanation. You touch a very good point when stating "You can't just create 1 billion stablecoins worth $1 each because you would need to back it with $1 billion". How do I know how much dollars Tether or [company-behind-stable-coin] really have to back their coins ?. Who checks this ? The government, police ? Is this a unlicensed bank ? Is all again the same FIAT scheme of trust-me-bro. If 1 USD = 1 USDT = 1 USDC, how are those companies making a profit ? I hope not by selling more of their tokens, than real USD reserves they say they have. Trust them bro I guess

thistimelineisweird

A stablecoin is stable because it is backed by another asset/fiat/etc. of that value. $1 is $1 is $1 whether it is a paper dollar, digitally shown on your online bank statement, or in USDC. The value does not change based on trading. You put $1 in, that stablecoin is backed by $1, it can be used like it is $1, and if someone wanted to transfer it to a bank, it is still $1. You can't just create 1 billion stablecoins worth $1 each because you would need to back it with $1 billion. You could create a currency on blockchain and ICO it at $1 in hopes that people buy it to sustain that price, but if no one is buying the price will collapse to pretty much immediately. Meanwhile, if everyone dumped their Bitcoin tomorrow, the price would collapse, because that is how it is designed to respond. If everyone dumped their USDC tomorrow, those that remain would still be worth $1.

Ourcrypto_news

I use USDC sometimes just for convenience, but I always think of it as a trade tool, not actual savings.

_DaBau5_

I’m not sure what you mean. Do you mean if USDC or USDT created a million coins, or your example coin? It is not in USDC or USDT’s best interest to do that since they have much more to gain by continuing business as usual. Can make many more millions of dollars by providing good business than scamming one time and ruining your reputation

No_Paper612

The Ethereum network just gets used for USDC and other stable coins, nobody actually views Ethereum as an investment.

simonmales

I don't use stable coins. But understand the use cases. And of course they assume trust as you mentioned: Pleb can permissionlessly accept USD. I understand in some parts of the world, opening a bank account is a big deal, if not impossible. People and business cannot stomach the fluctuations. So they accept 1 USD and spent that 1 USD with some gas token. We had to pay a vendor in China and we didn't have the stable coins of preference. E.g. we had USDC, but they only accept USDT (or vice versa, don't recall). In the end we agreed on BTC. But we had to pay the invoice within 30 mins to avoid the fluctuations.  Because they are not treating BTC as money rather than a store of value. And stable coins as money.

Rabid_Mexican

Probably safer to put it in USDC and get the coin base yield, much quicker to resolve if coinbase comes looking for it

polymanAI

Stablecoins passing ACH is wild but not surprising when you think about how many crypto-native platforms now settle in USDC. Polymarket alone does billions in monthly volume settled on Polygon. Polyman uses this same infrastructure - deposit from 13+ chains, settle in USDC, trade prediction markets with one tap. Stablecoins are the rails making all of this possible.

Reaktornano

Titan Network shipped browser plugin that is used to scrape web for their customers and periodically pays USDC for running it on your device

shot-by-ford

Wrong. That’s lending. The passive yield on USDC holdings is entirely from Circle passing along the treasury yield. No lending, no fractional banking, no counterparty (besides the issuer, circle).

WaveFlashy6434

Sure it's not because of the millions of $ in USDC & SOL tokens you have in your possession? Your comment history is visible fyi

Ropl

for BTC i get the appeal: you avoid selling, avoid triggering taxes, and keep upside. for USDC collateral i agree with you, that part makes a lot less sense unless there's some balance-sheet or underwriting reason. the cleaner use case is really "borrow stablecoins against BTC." Liquidium is one example of that model. Full disclosure: I work there. the bigger question is whether the extra leverage is actually worth it for a house.

Robotoverlordv1

This is a win for crypto. They can easily find an active use for this capital to make it pay yields under this bill. Kraken is already paying over 5% on USDC. This will NOT stop the capital outflow the banks were worried about. The banks are going to be the sacrificial lamb as this system fails. It has been planned since 2020 when they lowered the interest rate to 0% for banks to buy treasury bonds. How it's going to go is banks will prop up the treasury bond market as foreign capital increasingly refuses to. Capital will flow out of banks to stablecoins now paying 5-6% instead of banks .1%. Banks will collapse and crypto will step in to fill their role with the infrastructure being built right now to be ready for when this happens.

semanticweb

When i did a research i found out this. "Coinbase and its partner Circle earned roughly $2.75 billion gross in 2025 from interest on U.S. Treasuries backing USDC. Circle retains the gross earnings but forwards over 60% to Coinbase." This means coinbase is getting around 2.24% to 2.5% for the USDC deposit.

Fickle_Actuator_5145

The yield ban on stablecoins is the part nobody is talking about enough. Right now, protocols like Aave and Compound let you earn yield on USDC and USDT. Under the CLARITY Act, that goes away for regulated stablecoins.\\n\\nWhat that means practically: issuers like Circle and Tether would need to choose between being \\"payment stablecoins\\" (regulated, no yield allowed) or operating more like securities. Most will pick the regulated path because that's where institutional money flows.\\n\\nBut here's the thing people are missing. DeFi protocols don't need permission. The yield won't disappear, it'll just move to decentralized stablecoins like DAI or newer algorithmic ones. So you end up with a two-tier system: regulated stablecoins for institutions and payments, and unregulated ones for yield farming.\\n\\nThe real question is whether that's actually bad. Regulatory clarity for 90% of stablecoin use cases (payments, remittances, business treasury) while DeFi stays DeFi? That might be the best realistic outcome we could hope for from Congress.\\n\\nAlso worth watching: the 401(k) crypto rule that just dropped yesterday. Labor Department opening retirement portfolios to digital assets while simultaneously restricting stablecoin yields creates an interesting push-pull dynamic. They want crypto in retirement accounts but don't want grandma earning 8% on USDC. Make it make sense."

semanticweb

That is a good point. Negotiations are still going on I think. Hope they can find a middle ground. I checked aave for supply APY of stablecoins and it is 1.97% for USDT and 2.49% for USDC. If coinbase is providing yield for depositing stablecoins, we are providing liquidity to the exchange. They are sharing a % of the profit they are making with us. Else it is very difficult to offer 3.5% APY.

WiseChest8227

You need to use USDC on Polymarket.

fuck-bitch_shit

i am not defending banks. i’m saying option a the bank restrictive version of clarity act is the worst. option b the coinbase version is still bad but way better then option a. option c which has political support before coinbase killed it would’ve been the best because it meant most yield flowing to users but coinbase didnt want it to eat into there profits. in option c there was a requirement for transparency of how much coinbase actually earns and how much yield they are distributing to the user and it also added a restriction limiting coinbase and and other company from taking over 30% of the true yield earned if they were still going to put insolvency risk onto the consumer. this means users would receive more yield then they currently do through coinbase. because right now while coinbase offers high yield rates they are still taking a huge cut from what gets passed to the user and at the same time they aren’t providing consumer protections. if morpho or any of the other underlying yield bearing protocols coinbase users were to fail or have security issue users would be shit out of luck and lose all there USDC. the bill said that if you aren’t going to offer insured deposits for users to be recouped in case of loss of funds then you can only take a maximum of 30% of the yield and you have to have transparency in how much yield is being truly earned so that 30% can be enforced

Bit_of_a_Degen

Wdym? That would still be customer acquisition Customers are likely to use other services if they’re storing USDC on coinbase

jadequarter

u trust USDC? https://x.com/zachxbt/status/2036472308467224839

paidzesthumor

Wallet and polymarket transactions are persistent data on public blockchains. You can’t just delete it, it’s there forever. As soon as you solve real world attribution (e.g. flipping an informant), you have all the evidence you need. To that end, all polymarket transactions are executed using USDC. Circle, which issues USDC, is a regulated OCC trust bank, beholden to US fin regs including BSA and Patriot. People in the administration can insider trade because the current administration has zero appetite to prosecute (because they’re making money), not because there’s no audit trail.

Decent_Bid_5853

Yeah for a high 4-fig SOL swap i’d honestly care more about execution and slippage than just the “no kyc” label, if it stays on the Solana side and you’re just moving into USDC, Jupiter or wallet-native routes are usually the first thing i’d check, but once people start using third-party services the real test is whether they handle size cleanly without weird spread or delays; your update about plainswap managing the full amount smoothly is useful, and i’ve seen others keep similar flows simple with direct swap tools like GhostSwap too, but either way i’d still break a bigger amount into a small test first and then the full swap just to avoid surprises

Instantbeef

Yield from your bank account and yield on USDC both come from the same place. Only difference is that standard practice for the baking industry is to keep the vast majority of the yield for themselves.

Swirl_On_Top

My credit union pays 4.4% on my account and it's purely in USD. I doubt there's any real risk here. Why would people park in USDC when there's been other better options for years?

Vagelen_Von

Good luck with shitcoins, dogs, cats and rugs. We sleep well in WETH/USDC pair.

Thomas_696969

Support mail from [support@vaultoro.zendesk.com](mailto:support@vaultoro.zendesk.com) is now asking for proof of income even after having done the full KYC and KYC support call. Anyone also this far in the proceedings? Anyone already received USDC payout for funds sold from old Vaultoro platform?

Itslittlealexhorn

It's not exactly rocket science. Any interest that USD can earn, USDC can earn too since you can just switch it for USD. Treasuries, bonds, whatever floats your boat. The better question would be why traditional banks don't forward those profits to their clients.